Cryptocurrency News
Crypto trader James Fickel (@jamesfickel) recently experienced a significant loss, totaling nearly 18,000 $ETH (roughly $43.7 million), due to an ill-fated long position on the BTC/ETH trading pair. From January 10 to July 1, Fickel borrowed 3,061 $WBTC (worth $172 million) from Aave, exchanging it for 56,445 $ETH at a […]
Most top altcoins have charted notable gains in this week, including Litecoin, which is now looking strong on the day. While it is showing signs of strength, the market remains weak on a long-term scale. Mirroring Bitcoin’s price movement over the past week, Litecoin increased consistently for days and almost […]
Cardano recently surpassed $6 billion in transaction volume within the last 24 hours, marking a significant milestone for the blockchain platform, according to data from @intotheblock. This impressive achievement coincides with the two-year anniversary of the Alonzo Hard Fork, a transformative event in the history of Cardano. JUST IN: Cardano […]
Despite Bitcoin dipping slightly to $57.3K and Ethereum dropping to $2.3K over the past week, altcoins are seeing a resurgence. The fear, uncertainty, and doubt (FUD) surrounding major crypto assets have eased, allowing several altcoins to rebound with minimal resistance. 📊 Despite Bitcoin's slight dip ($57.3K) and Ethereum's bigger dip […]
Coinbase has introduced Wrapped Bitcoin (cbBTC), a new token backed 1:1 by Bitcoin, now available on Ethereum and Base blockchains. This move is aimed at improving financial efficiency across multiple blockchain ecosystems. 🚨 BREAKING: COINBASE OFFICIALLY LAUNCHES WRAPPED #BITCOIN (CBBTC) Coinbase has introduced its Wrapped Bitcoin (cbBTC) token, backed 1:1 […]
On June 4, Lykke UK and Lykke Corp AG (Lykke) experienced a significant cyber attack that compromised their infrastructure. In response, the affected systems were promptly shut down to mitigate further damage. An extensive review of the security breach was conducted, and all identified vulnerabilities have been addressed. Lykke UK […]
After breaking above a resistance line in August, SUI went through a short retracement and regained momentum. It advanced bullishly this month and led daily altcoins rally with 18% gains in the last 24 hours. Last month saw SUI through an end of a serious five-month correction after testing a […]
Since mid-August, transactions involving cryptocurrency whales have significantly declined. Bitcoin transactions of $100,000 or more have dropped by 33.6% from their peak levels in March and April. Ethereum transactions in the same value range have plummeted even further, with a 72.5% decrease from their peak. 🐳 Cryptocurrency's whale transactions have […]
Bitcoin surged to $58,000 today, sparking renewed optimism among retail traders. Wallets holding less than 1 BTC now account for their largest share of the supply in seven months, signaling growing interest from smaller investors. However, for Bitcoin to return to its all-time highs, analysts suggest a different ownership pattern […]
While many altcoins are still trading at the bottom due to low demand, Aave has continued to show strength as it reached a new milestone today. The price has retraced briefly to where it currently sits above a resistance. The month of July marked a notable turning point for Aave […]
According to Benjamin Cowen, CEO and Founder of ITC Crypto, Ethereum could be heading towards a significant price correction by the end of 2024. Cowen notes that the wedge pattern Ethereum has formed this cycle features higher lows, nearly 10x those of the wedge formed in 2019. However, the similarities […]
A few months ago, optimism around Bitcoin was at its peak, with many expecting new all-time highs. However, that enthusiasm has since shifted, leaving investors wondering whether this is merely a quiet phase or the start of a prolonged bear market. 🧵A few months ago, optimism was soaring, with many […]
TRON has reported a strong performance for August 2024, with positive growth recorded across multiple metrics, including fees, revenue, and total earnings. The platform’s Total Value Locked (TVL) remained stable above the $8 billion mark, while USDT continues to dominate TRON’s stablecoin market cap, accounting for approximately 99% at $58.5 […]
USDT holdings on cryptocurrency exchanges have been climbing, hinting at a potential wave of buying pressure in the market. According to data from IntoTheBlock, $300 million worth of stablecoins flowed into exchanges yesterday, suggesting that investors may be positioning themselves to capitalize on the recent market dip. $300 million worth […]
The bulls have continued to suffer a loss on a monthly scale as the market recently resumed a sell-off. This puts Ethereum in a more bearish state as it declined by 45% in four months. It is redistributing for a huge drop. ETH saw a slight rejection after almost reclaiming […]
Last Friday, Bitcoin saw a pause in selling after shedding a 12% loss in two weeks. It has been in a retracement mode for three days and is likely to resume selling as the price reaches a key breakdown level. Bitcoin’s mid-term outlook is still under the correctional phase following […]
Polygon’s recent migration from $MATIC to $POL has sparked significant changes, leading to data anomalies in its first few days. After a year of community discussions, the MATIC to POL upgrade is now live, marking a major milestone in Polygon’s evolution. From now on, all transactions on Polygon PoS will […]
As traders eagerly await a possible rebound in Bitcoin and the broader crypto market, three notable assets—Cardano (ADA), Quant (QNT), and Holo (HOT)—have seen a sudden spike in address activity. Historically, when coins experiencing a decline in value suddenly witness such activity increases, it often indicates a potential price bounce. […]